WAEC Economics 2018 Objective — Question 34
Question 34 of 50 from the West African Examinations Council (WAEC) Economics 2018 Objective paper, with the correct answer and a full explanation.
Advertisement
Holding money to take care of contingencies is a
- A. speculative motive
- B. a transactions motive
- C. a precautionary motiveCorrect
- D. an expansionary motive
Explanation
Holding money to meet unforeseen/unexpected expenses is the precautionary motive for holding money.
Advertisement
Sign up free to unlock
- Score tracking
- Practice history
- Saved questions
- Progress dashboard
- Personalized sessions
- Weak-topic breakdown
…and/or go further with premium services and No Ads.